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{"sheet":"Income Tax Calculator","index":0,"n_rows":94,"n_cols":31,"rows_kept":94,"cut":false,"hidden":false,"merged":[[95,2,95,7],[48,1,48,5],[60,7,60,8],[93,2,93,7],[94,2,94,7],[61,1,61,7],[62,1,62,7],[59,1,59,5],[52,7,52,8],[26,1,26,5],[30,1,30,5],[54,1,54,5],[50,7,50,8],[56,7,56,8],[59,7,59,8],[54,7,54,8],[1,1,1,7],[2,1,2,7],[5,1,5,7],[7,1,7,3],[15,1,15,5]]}
[]
[null,"Income Tax Calculator for Tax Resident Individuals"]
[null,"YEAR OF ASSESSMENT 2025 (For the year ended 31 Dec 2024)"]
[]
[]
[null,"What to do: Enter amount in the gray boxes, where applicable.\nTips: For more information, move your mouse over the field or click on the field name."]
[]
[null,"Are you aged 60 years and above on 31.12.2012?",null,null,null,null,null,"No"]
[]
[null,"INCOME"]
[]
[null,"Employment Income",null,null,null,null,"S$",null,".00"]
[]
[null,"Less:","Employment Expenses",null,null,null,"S$",null,".00"]
[]
[null,"NET EMPLOYMENT INCOME",null,null,null,null,"S$",{"$f":"+H12-H14","v":0},".00"]
[]
[null,"Trade, Business, Profession or Vocation",null,null,null,null,"S$",null,".00"]
[]
[null,"Add: OTHER INCOME"]
[null,null,"Dividends",null,null,null,"S$",null,".00"]
[null,null,"Interest",null,null,null,"S$",null,".00"]
[null,null,"Rent from Property",null,null,null,"S$",null,".00"]
[null,null,"Royalty, Charge, Estate/Trust Income",null,null,null,"S$",null,".00"]
[null,null,"Gains or Profits of an Income Nature",null,null,null,"S$",null,".00"]
[]
[null,"TOTAL INCOME",null,null,null,null,"S$",{"$f":"H16+H18+SUM(H21:H25)","v":0},".00"]
[]
[null,"Less:","Approved Donations",null,null,null,"S$",null,".00"]
[]
[null,"ASSESSABLE INCOME",null,null,null,null,null,{"$f":"+AD31","v":0},".00",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"ASSESSABLE INCOME",{"$f":"H27-H29","v":0},null,{"$f":"IF(AB31<=0,0,AB31)","v":0}]
[]
[null,"Less: PERSONAL RELIEFS"]
[null,null,"Earned Income Relief",null,null,null,"S$",null,".00"]
[null,null,"Spouse Relief/ Spouse Relief (Disability)",null,null,null,"S$",null,".00"]
[null,null,"Qualifying Child Relief (QCR)/ Child Relief (Disability)",null,null,null,"S$",null,".00"]
[null,null,"Working Mother's Child Relief",null,null,null,"S$",null,".00"]
[null,null,"Parent Relief/Parent Relief (Disability)",null,null,null,"S$",null,".00"]
[null,null,"Grandparent Caregiver Relief",null,null,null,"S$",null,".00"]
[null,null,"Sibling Relief (Disability)",null,null,null,"S$",null,".00"]
[null,null,"CPF/Provident Fund Relief",null,null,null,"S$",null,".00"]
[null,null,"Life Insurance Relief",null,null,null,"S$",null,".00"]
[null,null,"Course Fees Relief",null,null,null,"S$",null,".00"]
[null,null,"CPF Cash Top-up Relief (Self, Dependant and Medisave account)",null,null,null,"S$",null,".00",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Personal Reliefs",{"$f":"SUM(H34:H46)","v":0},null,{"$f":"IF(AB44>80000, 80000, AB44)","v":0}]
[null,null,"Supplementary Retirement Scheme (SRS) Relief",null,null,null,"S$",null,".00"]
[null,null,"NSman(Self/Wife/Parent) Relief",null,null,null,"S$",null,".00",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tax Rebate Amount (Capped at)",200,"To make changes to the Tax Rebate amount"]
[null,null,"Total Personal Reliefs (capped at $80,000)",null,null,null,"S$",{"$f":"+AD44","v":0},".00"]
[]
[null,"CHARGEABLE INCOME",null,null,null,null,"S$",{"$f":"+AD49","v":0},".00",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CHARGEABLE INCOME",{"$f":"H31-H47","v":0},null,{"$f":"IF(AB49<=0,0,AB49)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tax Rate",{"$f":"IF(VLOOKUP(H49,$AB$71:$AB$84,1)=H49, VLOOKUP(H49,$AB71:$AC$84,2),INDEX($AC$71:$AC$84,1+MATCH(H49,$AB$71:$AB$84)))","v":0}]
[null,"Tax Payable on Chargeable Income",null,null,null,null,"S$",{"$f":"AD52+AD51","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"First",{"$f":"VLOOKUP(H49,$AB$71:$AB$83,1)","v":0},null,{"$f":"VLOOKUP(AB51,$AB$71:$AD$84,3)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Next",{"$f":"H49-AB51","v":0},null,{"$f":"FIXED(AB52*AB50,2)","v":"0.00"}]
[null,"Less:",{"$f":"IF(OR(H7=\"\",H7=\"No\"),\"Personal Income Tax Rebate (60%)\",\"Personal Income Tax Rebate (60%)\")","v":"Personal Income Tax Rebate (60%)"},null,null,null,"S$",{"$f":"+AD53","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tax Payable/Repayable after rebate",{"$f":"+H51","v":0},{"$f":"IF(AB53>0,AB53*0.6,0)","v":0},{"$f":"IF(AC53>200,AB46,AC53)","v":0},"(To decide 50% or 60%)"]
[]
[null,"Tax Payable after Personal Income Tax Rebate ",null,null,null,null,"S$",{"$f":"+AB55","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tax Payable/Repayable after rebate",{"$f":"(+AB53-AD53)","v":0},null,{"$f":"FIXED(IF(AB55>0,AB55,0),2)","v":"0.00"}]
[]
[null,"Less:","Parenthood Tax Rebate",null,null,null,"S$",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"PTR",{"$f":"+H57","v":0}]
[null,"                                                   ",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maximum allowable is the amount of Tax Payable of"]
[]
[null,"NET TAX PAYABLE",null,null,null,null,"S$",{"$f":"+AD60","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Net Tax Payable",{"$f":"H55-H57","v":0},null,{"$f":"IF(AB60>0, AB60, 0)","v":0}]
[]
[null,"RATES OF TAX FOR YEAR OF ASSESSMENT 2025"]
[null,"Your chargeable income is the amount remaining after deducting from your assessable income the personal reliefs to which you are entitled. From the Year of Assessment 2018, the total amount of reliefs you can claim is subject to an overall relief cap of $80,000. If you are a resident in Singapore, the rates of tax chargeable are as follows:"]
[]
[null,null,null,"Chargeable \nIncome","Rate","Gross Tax Payable"]
[]
[null,null,null,"$","(%)","$"]
[null,null,"On the first",20000,0,0]
[null,null,"On the next",10000,2,200]
[null,null,"On the first",30000,null,200]
[null,null,"On the next",10000,3.5,350,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0]
[null,null,"On the first",40000,null,550,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,20000,0,0]
[null,null,"On the next",40000,7,2800,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,30000,0.02,200]
[null,null,"On the first",80000,null,3350,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,40000,3.5000000000000003E-2,550]
[null,null,"On the next",40000,11.5,4600,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,80000,7.0000000000000007E-2,3350]
[null,null,"On the first",120000,null,7950,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,120000,0.115,7950]
[null,null,"On the next",40000,15,6000,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,160000,0.15,13950]
[null,null,"On the first",160000,null,13950,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,200000,0.18,21150]
[null,null,"On the next",40000,18,7200,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,240000,0.19,28750]
[null,null,"On the first",200000,null,21150,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,280000,0.19500000000000001,36550]
[null,null,"On the next",40000,19,7600,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,320000,0.2,44550]
[null,null,"On the first",240000,null,28750,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,500000,0.22,84150]
[null,null,"On the next",40000,19.5,7800,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1000000,0.23,199150]
[null,null,"On the first",280000,null,36550,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.24]
[null,null,"On the next",40000,20,8000]
[null,null,"On the first",320000,null,44550]
[null,null,"On the next",180000,22,39600]
[null,null,"On the first",500000,null,84150]
[null,null,"On the next",500000,23,115000]
[null,null,"On the first",1000000,null,199150]
[null,null,"Above",1000000,24]
[]
[]
[null,"Note 1: ","As part of the SG60 package to share the gains of our nation’s progress, a Personal Income Tax rebate will be granted to all tax resident individuals for the Year of Assessment 2025 (i.e. for income earned in 2024). The rebate will be 60% of tax payable, capped at $200 per taxpayer. "]